English Pound set to Rocket

Will the Pound recover the Brexit Losses in the next few weeks?

20%
0
No votes
10%
1
10%
-10%
2
20%
-20%
0
No votes
Molten cheese
7
70%
 
Total votes: 10

User avatar
Scot Dutchy
Posts: 10951
Joined: Tue Feb 23, 2010 2:07 pm
About me: Dijk beschermer
Location: 's-Gravenhage, Nederland
Contact:

Re: English Pound set to Rocket

Post by Scot Dutchy » Wed Feb 27, 2019 12:20 pm

Speculation.
"Wat is het een gezellig boel hier".

User avatar
rainbow
Posts: 8832
Joined: Fri Jun 08, 2012 8:10 am
About me: Pre-Modernist
Location: Africa
Contact:

Re: English Pound set to Rocket

Post by rainbow » Fri Mar 01, 2019 8:19 am

Scot Dutchy wrote:
Wed Feb 27, 2019 12:20 pm
Speculation.
No doubt, but usually such market moves are based on inside information.

I suspect that someone, not remotely connected to a Hedge Fund will make a lot of money, while the cannon fodder that voted for Brexit will lose.
Fala cara de cú!

User avatar
Scot Dutchy
Posts: 10951
Joined: Tue Feb 23, 2010 2:07 pm
About me: Dijk beschermer
Location: 's-Gravenhage, Nederland
Contact:

Re: English Pound set to Rocket

Post by Scot Dutchy » Fri Mar 01, 2019 8:22 am

Entirely agree. Moggsy will be one of them and I bet he will be gambling on a deal of some sort as well.
"Wat is het een gezellig boel hier".

User avatar
laklak
Posts: 16489
Joined: Tue Feb 23, 2010 1:07 pm
About me: My preferred pronoun is "Massah"
Location: Tannhauser Gate
Contact:

Re: English Pound set to Rocket

Post by laklak » Fri Mar 01, 2019 10:41 pm

Up to 1.32 against the dollar. Pretty slow rocket, as rockets go.
Yeah well that's just, like, your opinion, man.

User avatar
Hermit
Posts: 19819
Joined: Thu Feb 26, 2009 12:44 am
Contact:

Re: English Pound set to Rocket

Post by Hermit » Sat Mar 02, 2019 2:39 am

laklak wrote:
Fri Mar 01, 2019 10:41 pm
Up to 1.32 against the dollar. Pretty slow rocket, as rockets go.
And looking at the bigger picture the pound has done nothing since it tanked between December 2015 and September 2016. The most precipitous drop occurred in the fortnight following the brexit referendum. Compared to that, it has pretty much remained stationary against the Euro ever since.

Screenshot from 2019-03-02 13-06-17.png

User avatar
rainbow
Posts: 8832
Joined: Fri Jun 08, 2012 8:10 am
About me: Pre-Modernist
Location: Africa
Contact:

Re: English Pound set to Rocket

Post by rainbow » Sat Mar 02, 2019 7:17 am

laklak wrote:
Fri Mar 01, 2019 10:41 pm
Up to 1.32 against the dollar. Pretty slow rocket, as rockets go.
With gearing, hedge funds can make a great deal of money on a relatively small movement. Of course when you're betting with someone else's money, there is no risk on the downside, but you can pay yourself a hefty bonus it it goes the 'right' way.
A zero sum game, so whatever they gain somebody else will lose.
Fala cara de cú!

User avatar
rainbow
Posts: 8832
Joined: Fri Jun 08, 2012 8:10 am
About me: Pre-Modernist
Location: Africa
Contact:

Re: English Pound set to Rocket

Post by rainbow » Thu Mar 14, 2019 3:01 pm

1.173 Euro to the GBP.
Fala cara de cú!

User avatar
Svartalf
Offensive Grail Keeper
Posts: 33473
Joined: Wed Feb 24, 2010 12:42 pm
Location: Paris France
Contact:

Re: English Pound set to Rocket

Post by Svartalf » Thu Mar 14, 2019 3:03 pm

nice drop, a little effort and my euro will be worth more than it's number in pounds...
Embrace the Darkness, it needs a hug

PC stands for "Patronizing Cocksucker" Randy Ping

User avatar
Hermit
Posts: 19819
Joined: Thu Feb 26, 2009 12:44 am
Contact:

Re: English Pound set to Rocket

Post by Hermit » Thu Mar 14, 2019 8:13 pm

Svartalf wrote:
Thu Mar 14, 2019 3:03 pm
nice drop, a little effort and my euro will be worth more than it's number in pounds...
Well, it's up from 1.103 three months ago. The lowest point since the massive drop during the days following the Brexit referendum in July 2016 was 1.079 late in August 2017 and the highest 1.197 in April of the same year. So, not really much of a range.

ETA: I can't see any rocketing in either direction between the fallout from the referendum and now.
Screenshot from 2019-03-15 06-53-22.png
Screenshot from 2019-03-15 06-53-22.png (35.27 KiB) Viewed 138 times

User avatar
Strontium Dog
Posts: 1809
Joined: Tue Feb 23, 2010 3:28 am
About me: Sensitive little flower
Location: Liverpool, UK
Contact:

Re: English Pound set to Rocket

Post by Strontium Dog » Fri Mar 15, 2019 1:55 am

Hermit wrote:
Sat Mar 02, 2019 2:39 am
laklak wrote:
Fri Mar 01, 2019 10:41 pm
Up to 1.32 against the dollar. Pretty slow rocket, as rockets go.
And looking at the bigger picture the pound has done nothing since it tanked between December 2015 and September 2016. The most precipitous drop occurred in the fortnight following the brexit referendum. Compared to that, it has pretty much remained stationary against the Euro ever since.

Screenshot from 2019-03-02 13-06-17.png
It's funny, you can pinpoint the exact moment the Lib Dems left government...
Insert witty signature here

User avatar
Hermit
Posts: 19819
Joined: Thu Feb 26, 2009 12:44 am
Contact:

Re: English Pound set to Rocket

Post by Hermit » Fri Mar 15, 2019 3:55 am

Strontium Dog wrote:
Fri Mar 15, 2019 1:55 am
Hermit wrote:
Sat Mar 02, 2019 2:39 am
laklak wrote:
Fri Mar 01, 2019 10:41 pm
Up to 1.32 against the dollar. Pretty slow rocket, as rockets go.
And looking at the bigger picture the pound has done nothing since it tanked between December 2015 and September 2016. The most precipitous drop occurred in the fortnight following the brexit referendum. Compared to that, it has pretty much remained stationary against the Euro ever since.

Screenshot from 2019-03-02 13-06-17.png
It's funny, you can pinpoint the exact moment the Lib Dems left government...
7th of May 2015?

Screenshot from 2019-03-15 14-29-13.png

User avatar
Strontium Dog
Posts: 1809
Joined: Tue Feb 23, 2010 3:28 am
About me: Sensitive little flower
Location: Liverpool, UK
Contact:

Re: English Pound set to Rocket

Post by Strontium Dog » Fri Mar 15, 2019 5:06 pm

Ah, cherry-picking of data, that never gets old.
Insert witty signature here

User avatar
Hermit
Posts: 19819
Joined: Thu Feb 26, 2009 12:44 am
Contact:

Re: English Pound set to Rocket

Post by Hermit » Fri Mar 15, 2019 11:45 pm

Strontium Dog wrote:
Fri Mar 15, 2019 5:06 pm
Ah, cherry-picking of data, that never gets old.
Let's see now. You quoted the screenshot of the British pound/euro exchange rate and wrote "you can pinpoint the exact moment the Lib Dems left government..." The exact moment the Lib Dems left government is outside the range of that screenshot, so I looked it up and posted another screenshot, which does pinpoint the exact moment the Lib Dems left government, plus the two days on either side of it. You have a definition of either "cherry-picking" or of "pinpoint the exact moment" or both that I am not familiar with, and I doubt that anyone else is either.

User avatar
JimC
The sentimental bloke
Posts: 60536
Joined: Thu Feb 26, 2009 7:58 am
About me: To be serious about gin requires years of dedicated research.
Location: Melbourne, Australia
Contact:

Re: English Pound set to Rocket

Post by JimC » Sat Mar 16, 2019 3:36 am

The ref is counting that as a major take-down - Hermit is ahead on points... ;)
Nurse, where the fuck's my cardigan?
And my gin!

User avatar
Strontium Dog
Posts: 1809
Joined: Tue Feb 23, 2010 3:28 am
About me: Sensitive little flower
Location: Liverpool, UK
Contact:

Re: English Pound set to Rocket

Post by Strontium Dog » Sat Mar 16, 2019 4:53 am

Hermit wrote:
Fri Mar 15, 2019 11:45 pm
Strontium Dog wrote:
Fri Mar 15, 2019 5:06 pm
Ah, cherry-picking of data, that never gets old.
Let's see now. You quoted the screenshot of the British pound/euro exchange rate and wrote "you can pinpoint the exact moment the Lib Dems left government..." The exact moment the Lib Dems left government is outside the range of that screenshot, so I looked it up and posted another screenshot, which does pinpoint the exact moment the Lib Dems left government, plus the two days on either side of it. You have a definition of either "cherry-picking" or of "pinpoint the exact moment" or both that I am not familiar with, and I doubt that anyone else is either.
The screenshot I was quoting goes back to May 2014, the Lib Dems left government in May 2015, so, no, it wasn't outside the range.

You then picked a week of data around the election where the pound fluctuated around 1.35-1.38, which obviously does not show the longer-term effects of the Lib Dems exiting government. A better indication of this is the fact the exchange rate was around 1.10 a mere 18 months after the Lib Dems left government. Of course, when the Lib Dems went into coalition, the rate was also a lot lower at 1.16, which is what it hovers around today.
Insert witty signature here

Post Reply

Who is online

Users browsing this forum: Baidu [Spider], Tero and 4 guests